Lessons of a Public Divorce

April 11, 2014
By
Law Offices of Korol & Velen

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If you’re thinking of airing your dirty laundry about your
divorce to all your friends you might want to take a look at what Janice Schacter
is experiencing. According to a Manhattan judge’s ruling, Schacter
will get less in the
divorce from lawyer ex, Ira Schacter, because her
publicaccusations hurt his business.

Accusations Thrown in Divorce

Over the course of the contentious years-long
divorce Janice Schacter alleged that her now ex-husband — a partner at a
prestigious law firm Cadwalader, Wickersham and Taft— was abusive,
and had blown over $200,000 on an engagement ring for his Playboy bunny
girlfriend instead of paying for his daughter’s hearing aid.

Ira Schacter’s Response to Divorce Accusations

Ira Schacter responded saying that Janice’s allegations had hurt
his business at the law firm and had also lessened the value of his partnership
there. He alleged the bad press had hurt him professionally, and had also
reduced the value of his law partnership from $5 million in 2007 to just
$627,000 by the time the divorce trial started in Dec. 2012.

The Judge Agreed

Justice Laura Drager agreed with Ira, ruling that as a result Janice should
only get 17% of the $5 million value of the partnership, which roughly
equates to $855,000.

Janice is far from being broke. She was awarded her $15,000 a month in
alimony, $3,000 a month in child support, their 2003 Lexus, half the value
of their $4.4 million townhouse, half the value of their $4.5 million,
and half of their $650,000 in jewelry, furniture and art.

“Although the court recognizes that the wife feels she was badly
treated by the husband, her repeated attacks against him have played a
part in diminishing his income,” Drager wrote.

Prior to the
accusations being thrown Janice had stood to collect about half.

For advice on divorce and all it’s aspects, you need the expert law
firm of Korol and Velen, certified family law specialists. Schedule a
consultation today.

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